iPath Pure Beta Coffee ETN
CAFE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Apr 21, 2011
- Website
- barclaysinvestments.co.uk
- Similar Companies
- Business
- iPath® Pure Beta Coffee ETN (CAFE) is an exchange-traded note issued by Barclays Bank PLC that seeks to track the performance of the Barclays Coffee Pure Beta Total Return (TR) Index, which reflects returns from coffee futures contracts while mitigating contango and backwardation effects through a dynamic rolling strategy; the ETN provides investors exposure to coffee commodity volatility without direct ownership of physical assets or futures. Launched on April 20, 2011, with a scheduled maturity of April 18, 2041, it trades on NYSE Arca and targets institutional and retail investors seeking single-commodity beta exposure in the agricultural commodities segment. Barclays Bank PLC, headquartered in London, United Kingdom, serves as the issuer and operates globally across investment banking, wealth management, and structured products including the broader iPath® ETN series covering commodities, equities, and volatility. The ETN's underlying index employs a pure beta methodology, utilizing coffee futures contracts across multiple maturities from ICE Futures U.S., with monthly rolls optimized to minimize volatility drag; it does not pay dividends, has a net expense ratio of 0.00% post certain adjustments, and historically exhibited high volatility metrics such as 46% 5-day volatility. Barclays structures the note as unsecured senior debt, collateralized indirectly through index performance, offering redemption options subject to issuer discretion and market conditions. In recent developments, iPath® Pure Beta Coffee ETN ceased operations and went out of business as of April 12, 2018, rendering it delisted and inactive for new trading, though legacy quotes persist on certain platforms; Barclays has continued managing its iPath® ETN portfolio strategically, including resuming issuances for select series in 2022 and announcing redemptions for multiple others in June 2025 amid issuer call exercises and tender offers. No specific partnerships, funding rounds, or relaunches pertain to CAFE in the last 1-2 years, aligning with Barclays' ongoing rationalization of legacy commodity ETNs.